China Doesn't Need Strong Stimulus: PBOC Chief Economist

TODAY: April 27, 2015 PUB DATE: April 27, 2015

BEIJING--China's economy faces downward pressure but it doesn't need strong stimulus to boost growth, said Ma Jun, chief economist of the People's Bank of China, according to the state-run People's Daily on Monday. Mr. Ma said China's job market is ...

Thai Vehicle Production Falls 1.72% in March From a Year Earlier

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Vehicle production in Thailand fell 1.72% in March from a year earlier to 178,217 units, according to the Federation of Thai Industries. March vehicle production fell 0.52% in March from a month earlier, the FTI's Automotive Industry ...

M2 Group Offers $1.18 Billion for iiNet

TODAY: April 27, 2015 PUB DATE: April 27, 2015

SYDNEY--M2 Group (MTU.AU) has launched a takeover offer for internet-service-provider iiNet Ltd. (IIN.AU), setting the scene for a possible bidding war with TPG Telecom Ltd. (TPM.AU). M2 Group's all-scrip offer values the target at 1.5 billion Australian dollars (US$1.18 billion), ...

Multinationals Shift Investment Focus to Developed Countries: Survey

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Dan Keeler Multinational companies are increasingly focusing their foreign investment in developed countries, favoring technological development and productivity over cheap labor. Among the top 25 countries targeted for foreign direct investment by global companies, almost three quarters are in ...

Dollar Flat Against Yen Ahead of FOMC, BOJ Meetings

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Hiroyuki Kachi The dollar was largely flat against the yen in quiet Asia trade Monday, with investors taking a wait-and-see stance ahead of monetary policy meetings both in the U.S. and Japan later this week. Around 0250 GMT, the ...

China Vanke Profit Falls Sharply -- Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Esther Fung SHANGHAI-- China Vanke Co., one of China's largest property developers, said its first-quarter net profit fell 57.5% from a year earlier, as it sold and completed the construction of fewer properties. The Shenzhen-based developer's net profit for ...

Thailand's Industrial Sentiment at 5-Month Low in March

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK - Thailand's industrial sentiment hit a five-month low in March mainly due to concerns over both domestic and global economic conditions, according to the monthly survey by the Federation of Thai Industries. The Thai Industries Sentiment ...

U.K. Tells BP it Would Oppose Foreign Takeover of the Company

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Jenny Gross And Justin Scheck LONDON--The U.K. government told BP PLC that it would oppose any potential foreign takeover of the company because it wants the oil giant to remain a British company with global clout. With a market ...

Eurozone Ministers Contemplate 'Plan B' for Greece

TODAY: April 27, 2015 PUB DATE: April 27, 2015

RIGA, Latvia--Some eurozone finance ministers on Saturday acknowledged for the first time that they are considering plans on what to do if no deal on Greece's future financing can be reached by the end of June. The statements by the ...

China Plans Big State-Sector Consolidation

TODAY: April 27, 2015 PUB DATE: April 27, 2015

China is planning a new wave of mergers in the state sector that will reduce the number of companies owned by the central government by nearly two-thirds, the Economic Information Daily reported Monday. This round of mergers, which focuses on ...

Shell Faces Fresh Challenge in Integrating BG Purchase

TODAY: April 27, 2015 PUB DATE: April 26, 2015

By Justin Scheck And Sarah Kent LONDON--With its $70 billion deal to buy BG Group PLC, Royal Dutch Shell PLC will attempt something altogether new for the 108-year-old energy giant: absorbing a huge company. It is an endeavor with which ...

Kazakhstan Goes to Polls as President Expected to Win

TODAY: April 27, 2015 PUB DATE: April 26, 2015

Associated Press ALMATY, Kazakhstan--Voters in Kazakhstan turned out in abundance at polling stations Sunday for a presidential election guaranteed to overwhelmingly reconfirm the incumbent, who has ruled over the former Soviet republic for more than 25 years. The election is ...

Comcast Spent a Lot for Little in Merger Lobbying Blitz

TODAY: April 27, 2015 PUB DATE: April 25, 2015

By Shalini Ramachandran, Brody Mullins and Brent Kendall WASHINGTON-- Comcast Corp. Chief Executive Brian Roberts called Federal Communications Commission Chairman Tom Wheeler on Monday to lobby for his $45 billion deal with Time Warner Cable after rumors surfaced it was ...

S&P Downgrades Puerto Rico

TODAY: April 27, 2015 PUB DATE: April 25, 2015

By Josh Beckerman Standard & Poor's Ratings Services has downgraded Puerto Rico to CCC+ from B and placed the rating on CreditWatch with negative implications. The ratings firm attributed the downgrade to "our view that the commonwealth's market access prospects ...

Eurozone Finance Ministers Contemplate 'Plan B' for Greece

TODAY: April 27, 2015 PUB DATE: April 25, 2015

By Gabriele Steinhauser RIGA, Latvia--Some eurozone finance ministers on Saturday acknowledged for the first time that they are considering plans on what to do if no deal on Greece's future financing can be reached by the end of June. The ...

MetLife Could Take Page From GE, Analysts Say

TODAY: April 27, 2015 PUB DATE: April 25, 2015

(FROM THE WALL STREET JOURNAL 4/25/15) By Leslie Scism As General Electric Co. moves to get out of the banking business and refocus on its industrial operations, it also aims to rid itself of some regulatory headaches. According to analysts ...